A blog about the East Bay real estate scene, particularly in Piedmont, CA, of interest to buyers, sellers, and residents alike.

Wednesday, May 19, 2010

Increasing Capital Gains Rates? Sell Now or Sell Later--

A client pointed out that if the tax law does not change, long term capital gains taxes are likely to go UP after the first of next year.

That means that if you sell your long-held home this year, you may pay 15% in federal capital gains taxes (after your $250K or $500K exclusion, and after subtracting your ''basis'' from the sales price), while if you sell next year, you might pay 20% in federal capital gains taxes. (See this link for good information about this issue, and of course check with your accountant and legal advisor before making any decisions....). Depending on your circumstances, this could make a big difference in your taxes, or just a small difference.

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Welcome home to Piedmont!

This blog covers issues related to real estate and your home in Piedmont, California. We cover the local market, renovation ideas (particularly those of a green nature), some gardening material, local housing/taxation/development debates, what buyers and sellers want, and national trends.

Lots of good info and insight; no cattiness.

The blog includes my e-newsletter articles dating back to 2006, and blog posts while ActiveRain.Com was my blog platform. Feel free to subscribe to the blog here (go to the top of the page), or email me (Kennedy@MaureenKennedy.net) and I'll add you to my quarterly e-newsletter list. And don't forget to forward this link to your friends and colleagues thinking about moving to town, or ready to move on to the next stage of their lives. I always have time for your referrals!

I look forward to your comments, suggestions, and new information you think Piedmonters, and those thinking about moving to town, should know.

About Me

My job is to inform, listen, analyze, market, and above all close your transaction promptly and at a price with which you are comfortable. I grew up in the Washington, DC area and graduated from Mount Holyoke College and the Kennedy School of Government at Harvard University. After working on housing and tax issues in Virginia, Alaska, and in the halls of Congress, I managed the nation's single-family and multi-family rural housing loan programs and advised HUD Secretary Henry Cisneros on housing and urban policy as Deputy Assistant Secretary for Policy. I’m a licensed broker, serve on the Advisory Board of the Institute for Luxury Home Marketing (based in Dallas), and have earned designations from e-Pro, EcoBroker, the National Trust's architectural program, and the NAR’s At Home with Diversity program. I'm a member of the Council of Residential Specialists, and of course the National, California and Oakland Associations of Realtors.
No other agent or broker practicing in Piedmont has such a strong professional background.